How to Buy Coinbase Stock
Coinbase Global Inc
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally.
Coinbase stock last closed at $71.75, up 1.11% from the previous day, and has increased 15.21% in one year. It has underperformed other stocks in the Financial Data & Stock Exchanges industry by 0.01 percentage points. Coinbase stock is currently +127.42% from its 52-week low of $31.55, and -37.3% from its 52-week high of $114.43.
There are currently 237.18M COIN shares outstanding. The market capitalization of COIN is $17.02B. In the past 24 hours, 5.04M COIN shares were traded.
How to Buy Coinbase Stock
Wondering how to invest in Coinbase stock? Here's how.
- Choose where to buy Coinbase stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Coinbase stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your method of payment and add your information.
- Evaluate Coinbase stock: The Coinbase ticker symbol is COIN. Is Coinbase stock a good investment? Should you buy shares of COIN? How do COIN's underlying business fundamentals look? Do top analysts think Coinbase is a good buy? Why has COIN's stock price moved recently? (Hint: Our stock market research tools can help you figure out if COIN is a good stock to buy).
- Place your COIN buy order: Decide if you will purchase COIN shares at the current market price or use a limit order to purchase COIN shares at a given price.
- Get the latest news on your COIN investment: Create a watchlist to track your new investment in Coinbase stock.
Step 1: Choose where to buy Coinbase stock
You need an online brokerage account in order to access the NASDAQ market and buy COIN shares.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Healthcare, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you are able to invest in COIN stock today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Provide your personal details to open a new brokerage account.
- Send your info by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've created your account on the best stock broker app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring funds into your investment account.
Step 4: Evaluate Coinbase stock
After you have chosen the best place to buy Coinbase stock, it's crucial to analyze their stock before you invest, so you truly comprehend the risk and opportunity.
Coinbase shares data
COIN Zen Score
WallStreetZen was built to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on COIN's stock page.
What is the fair value of COIN stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge COIN's intrinsic value.
Using relative valuations metrics:
- COIN could be undervalued based on its P/B ratio of 2.96x, relative to Financial Data & Stock Exchanges industry P/B ratio of 3.97x
You can access additional valuation analysis on COIN's stock here.
A quick look at COIN Financials
Pros:
- There are more short-term assets than long-term liabilities on the COIN balance sheet.
- COIN's operating cash flow of $2.89B allows it to safely service it's debt of $3.50B.
- There are more short-term assets than short-term liabilities on the COIN balance sheet.
Cons:
- COIN earnings of -$1.37B is not sufficient to cover its interest payments.
- COIN profit margin has gone down from -4.6% to -47.3% in the past year.
- COIN has a relatively high debt to equity ratio of 22.92.
Is Coinbase stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 19 sell side analysts who research COIN, the consensus analyst rating on COIN is a Hold
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest COIN Analyst Upgrades/Downgrades
Dan Dolev, a bottom 1% analyst from Mizuho reiterates COIN with a sell rating and maintains their COIN price target from $27.00 to $27.00, on Aug 23, 2023.
Devin Ryan, a top 6% analyst from JMP Securities reiterates COIN with a buy rating and maintains their COIN price target from $107.00 to $107.00, on Aug 17, 2023.
John Todaro, a top 19% analyst from Needham reiterates COIN with a buy rating and maintains their COIN price target from $120.00 to $120.00, on Aug 17, 2023.
Richard Repetto, a top 27% analyst from Piper Sandler maintains COIN with a hold rating and raises their COIN price target from $60.00 to $80.00, on Aug 8, 2023.
Mike Colonnese, a bottom 4% analyst from HC Wainwright & Co. maintains COIN with a buy rating and raises their COIN price target from $77.00 to $115.00, on Aug 4, 2023.
You can dig deeper into what analysts are projecting on the Coinbase stock forecast page.
Metrics for Advanced COIN Traders
COIN Earnings
Last year, COIN revenue was $2.70B. In the last two year, COIN's revenue has gone up by -25.99% per year. This was slower than the Financial Data & Stock Exchanges industry average of 8.74%.
Dive into COIN's earnings and revenue performance here.
Who is buying/selling COIN?
In the last year, executives and large shareholders at COIN have sold more shares than they have bought.
Gokul Rajaram, Director of COIN, was the latest COIN insider to sell. They sold $85,165.10 worth of COIN stock on Sep 21, 2023.
Research more about who owns COIN shares here.
Can I get consistent income from COIN stock?
No, Coinbase doesn't provide an income stream by paying out dividends.
What do other investors have to say about COIN?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your COIN buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will place your order.
If you need additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your COIN investment
Now that you own some shares in COIN, you'll want to stay up-to-date on your new investment.
Make a watchlist to keep tabs on your COIN stock.
COIN Feed
How to Buy Stock in Coinbase
To reiterate, here are the 6 steps for buying Coinbase stock:
- Choose where to buy Coinbase stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Coinbase stock
- Place your COIN buy order
- Get the latest news on your COIN investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Coinbase, create a watchlist today.
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